Developer under probe by ACA

Developer under probe by ACA
15/6/2005 The Star BY ELAN PERUMAL

SHAH ALAM: A prominent developer in Selangor is being investigated by the state Anti-Corruption Agency (ACA) for giving RM20mil worth of his company’s shares to a senior officer of the Selangor Agriculture Development Corporation (PKPS).

The senior officer is currently under remand by the ACA on allegations that he received kickbacks for helping the developer obtain approval for the conversion of agriculture land.

PKPS is a fully owned company of the state government.

A state ACA source said most of the developer’s directors and staff who had knowledge of the transfer of the RM20mil worth of shares to the PKPS senior officer had been summoned to give their statements.

“The ACA moved in following complaints that the company did not obtain approval from its board of directors to transfer the shares to the senior officer.

“ACA officers have also obtained a warrant to search the senior officer’s home.

“The developer’s accounts are being scrutinised to identify others who had had a hand in the case,” the source added.

It is learnt that the ACA wants to question a director of the company who is currently abroad.

The ACA is also investigating the developer for allegedly giving a luxury home in Shah Alam to the senior officer.